Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Expansive Lot in Murphy, TX Title is generated by Realmo AI

    Maxwell Creek Road lot 1, Murphy, TX 75094

    View on Map
    Claim this Listing
    For Sale
    $374,000

    LAND - Murphy, TX

    Lot size:
    0.51 Acres
    Added:
    Feb 25, 2026
    Days on Market:
    98
    Last Refresh:
    Jun 3 at 4:06 am

    Property Features for Maxwell Creek Road lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    APN
    R1181100100101
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Description
    LUXURY CREEK ROAD ADDITION (CMR), BLK 1, LOT
    Tax Annual Amount
    3125

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Amer Almasri

    Listing agent Amer Almasri License #0534487

    Listing office BAYTELY INC Plano, TX

    Listing date Feb 25, 2026

    MLS# 21190582 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Expansive lot (just over half an acre) in Murphy.
    • Located within the award‑winning Plano ISD.
    • Predominantly flat and ready to build.
    • Wide frontage and exceptional depth.
    • Naturally enhanced setback from the street due to floodplain, creating a grander approach.
    • Minutes from shopping, dining, and major highways.

    Overview

    This expansive lot, just over half an acre, is located in Murphy, Texas. The property is situated within the Plano Independent School District. The lot features wide frontage and depth. The property is predominantly flat and ready to build on, providing a foundation for construction. A portion of the front half of the property lies within a designated floodplain, creating a naturally enhanced setback from the street. This feature allows for a grander approach to a future home while ensuring the usable backyard space is clear and ready for a custom residence, pool, and more. The property is located minutes from shopping, dining, and major highways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Murphy
    County
    Collin
    State
    Texas
    Longitude
    -96.602211
    Latitude
    33.01155

    Nearby Similar for Sale

    • $2,280,000

      Highly Visible Commercial Development Land

      Nearly four acres with high-visibility exposure and flexible development potential, currently zoned SF-20 residential.
      600 E Fm 544, Murphy, TX 75094
      View Details
    • $199,000

      Commercial Land for Development Opportunity

      A 1.6-acre commercial lot near major retail and office uses, offering flexible development potential.
      725 FM 544, Murphy, TX 75094
      View Details
    • $430,000

      Residential Lot in Established Neighborhood

      Residential lot in Murphy, TX, ideal for custom home.
      212 Osman Drive, Murphy, TX 75094
      View Details
    • $2,680,000

      Horse-Zoned Multiuse Land Tract

      Generous acreage with mature trees and horse zoning, offering a rare balance of privacy and nearby retail convenience.
      402 S Maxwell Creek Road, Murphy, TX 75094
      View Details
    • $364,000

      Residential Lot in Murphy, TX

      Expansive residential lot in Murphy, ready for your dream home.
      Maxwell Creek Road lot: 2, Murphy, TX 75094
      View Details
    • $3,784,400
      6,449 SF

      Murphy, TX Multi-Tenant Asset

      6,449 SF multi-tenant asset in Murphy, TX for sale.
      302 W FM 544, Murphy, TX
      View Details
    • $374,000

      Land on Maxwell Creek Road

      Land available on Maxwell Creek Road in Murphy, Texas.
      Lot 1 Maxwell Creek Road, Murphy, TX 75094
      View Details

    FAQs

    What type of property is this?
    Land - Half-acre lot in Murphy, ready for your dream home.
    Where is this land located?
    The property is located at Maxwell Creek Road lot 1 Murphy, TX.
    What is the asking price?
    The asking price for this property is $374,000.
    What are key features of this property?
    This property features: Expansive lot (just over half an acre) in Murphy.; Located within the award‑winning Plano ISD.; Predominantly flat and ready to build.
    (214) 450-8000
    We can help!
    Listing Contact
    Amer Almasri
    Real Estate License ID: 0534487
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Maxwell Creek Road lot: 1, Murphy, TX 75094
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!